When you are trying to grow a new business, keeping costs under control while managing all the complicated business processes is a real challenge. Even before you have products in the market, you need to set up a system to manage build-orders for operations, and tie what operations is doing to the financial data so finance can balance the books.
Bringing on a separate Enterprise Resource Planning (ERP) platform can be a costly exercise. You would like to have it be an integrated part of the business processes in the company so you can avoid costly errors right when you can least afford them. Basic ERP systems that allow you to track orders, inventory, manufacturing build requests, shipments sometimes gets done in excel but that quickly runs out of steam. You need a solution that feeds your financial system, drives what gets built, and keeps everything under control with the proper business rules and approvals to make sure costs don’t get away from you in this critical stage.
Continue reading to learn how to set up a system that grows with your needs without breaking the bank.